Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the fair value of the consideration transferred and the estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date. The recorded amounts for assets acquired and liabilities assumed are provisional and subject to change during the measurement period for certain items including the valuation of separately identified intangibles

(Dollars in thousands)	December 31, 2023
Fair value of consideration transferred:
Common shares	$	28,617
Preferred shares	4,825
SAFE note	581
Secured convertible note	5,165
Contingent consideration	73,627
Purchase price	$	112,815
Allocated to:
Current assets	1,757
Property and equipment, net	2,315
Operating lease right of use assets	5,064
Intangible assets – development technology	104,200
Intangible assets – trademark and tradename	11,410
Goodwill	13,020
Other assets	—
Current liabilities	(16,940)
Deferred tax liability	(4,227)
Other liabilities	(3,784)
Fair value of assets acquired, less liabilities assumed	$	112,815

(Dollars in thousands)
Cash paid at closing	$	58,140
Fair value of previously held interest	22,183
Fair value of non-controlling interest	24,778
Purchase price	$	105,101
Allocated to:
Current assets	$	19,708
Property and equipment, net	1,927
Intangible assets –Customer relationships	14,226
Intangible assets – Development technology	18,603
Intangible assets – Trademark and trade name	14,496
Goodwill	60,394
Other assets	1,024

Current liabilities	(16,894)
Other liabilities	(8,383)
Fair value of assets acquired, less liabilities assumed	$	105,101

Schedule of Useful Lives of the Intangible Assets Acquired

The useful lives of the intangible assets acquired is as follows:

	December 31, 2023
Intangible assets – development technology	20
Intangible assets – trademark and tradename	20
Weighted average	20

The useful lives of the intangible assets acquired is as follows:

	Energica
Intangible assets – customer relationships	13.0
Intangible assets – development technology	8.0
Intangible assets – trademark and tradename	25.0
Weighted average	14.7

Schedule of Unaudited Pro Forma Financial Information

The unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions occurred on January 1, 2022.

	Years Ended
	December 31, 2023		December 31, 2022
(Amounts in thousands, except per share and share data)
Total revenue	$	14,502	$	19,278
Net loss attributable to Ideanomics, Inc. common shareholders	$	(199,767)	$	(257,130)

Schedule of Amortization Expense

The estimated amortization expense related to these intangible assets for each of the years subsequent to December 31, 2023, is as follows (amounts in thousands):

2024	4,180
2025	4,180
2026	4,050
2027	4,034
2028 and beyond	24,066
Total	40,510

The following table summarizes future expected amortization expense (in thousands):

Years ending December 31,	Amortization to be recognized
2024	$	3,059
2025	3,050
2026	2,908
2027	2,876
2028	2,864
2029 and thereafter	8,885
Total	$	23,642